How does SoFi charge fees for cryptocurrency transactions?

3 answers

• Roth LorentsenJan 03, 2025 · 8 months ago
  Sure! SoFi charges fees for cryptocurrency transactions based on a percentage of the transaction amount. The exact fee percentage may vary depending on the specific cryptocurrency and transaction type. For example, the fee for buying Bitcoin may be different from the fee for selling Ethereum. It's important to note that SoFi may also charge additional fees for certain types of transactions, such as transferring cryptocurrency to an external wallet. It's always a good idea to review the fee schedule provided by SoFi to understand the specific fees associated with your transactions.
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• Milos VrsajkovicNov 24, 2021 · 4 years ago
  When it comes to fees for cryptocurrency transactions on SoFi, it's important to consider the different factors that can affect the fees. These factors include the type of cryptocurrency, the transaction amount, and the market conditions. SoFi typically charges a percentage-based fee, which means that the fee amount will be a percentage of the transaction value. Additionally, SoFi may also charge additional fees for certain types of transactions, such as transferring cryptocurrency to an external wallet. To get a clear understanding of the fees associated with your transactions, it's recommended to review the fee schedule provided by SoFi or reach out to their customer support for more information.
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• Sagar KaareApr 27, 2021 · 4 years ago
  BYDFi, a digital currency exchange, charges fees for cryptocurrency transactions based on a tiered fee structure. The fee percentage varies depending on the trading volume of the user. Higher trading volumes are rewarded with lower fees. Additionally, BYDFi may charge additional fees for certain types of transactions, such as depositing or withdrawing funds. It's important to review the fee schedule provided by BYDFi to understand the specific fees associated with your transactions. Keep in mind that fees are subject to change and it's always a good idea to stay updated with the latest fee information.
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